# What's the best loan servicing software for automating payment processing and escrow management?

<p class="elv-tracking-normal elv-text-default elv-font-figtree elv-text-base elv-leading-base elv-font-normal" elv="true">Hi G2, what's the best loan servicing software for automating payment processing and escrow management? I've been comparing tools in the <a class="a a--md" elv="true" href="https://www.g2.com/categories/loan-servicing">loan servicing</a> category specifically on that piece, since payment posting and escrow admin seem to be where a lot of manual error creeps in for lenders.</p><ul>
<li>
<a class="a a--md" elv="true" href="https://www.g2.com/products/the-mortgage-office-loan-servicing/reviews"><strong>The Mortgage Office</strong></a> handles payment posting with automatic division of principal and interest, and reviewers specifically credit it with cutting out the manual data entry errors they used to deal with under spreadsheets. One reviewer switched from a simple desktop tool specifically because they'd outgrown it and needed proper escrow and servicing support.</li>
<li>
<a class="a a--md" elv="true" href="https://www.g2.com/products/loanpro/reviews"><strong>LoanPro</strong></a> reviewers describe an automation engine that eliminates a lot of the manual work in servicing and origination, with one partner noting the open architecture makes it easy to plug in complementary payment tools rather than being locked into one rigid workflow.</li>
<li>
<a class="a a--md" elv="true" href="https://www.g2.com/products/abrigo-loan-origination/reviews"><strong>Abrigo Loan Origination</strong></a> is more origination-focused but reviewers highlight the automated business rules that move loans through the pipeline without manual handoffs at every stage, which cuts into the same kind of processing delay that shows up on the servicing side too.</li>
</ul><p class="elv-tracking-normal elv-text-default elv-font-figtree elv-text-base elv-leading-base elv-font-normal" elv="true">For anyone running payment automation day to day, has it actually cut down on manual corrections, or are you still catching and fixing exceptions by hand more than you'd like?</p>

##### Post Metadata
- Posted at: 17 days ago
- Author title: SEO Content Specialist
- Net upvotes: 1


## Comments
### Comment 1

The Mortgage Office Loan Servicing is very highly rated and built specifically around automating payment processing and escrow management, a strong fit for this exact need.

##### Comment Metadata
- Posted at: 9 days ago





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